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No ripples for Silver Lake

STRONG cost controls and a focus on high grade developments lead mid-tier miner Silver Lake Resources to deliver a A$2.13 million profit for the December half that, while down substantially on the first half of 2016-17’s $8.26 million, reflects where the company is in the development cycle.

Haydn Black
No ripples for Silver Lake

It also obscures the cashflow story, which rose from $23.5 million to $30.2 million. Investors largely shrugged at the result, knocking 2.6% off the share price on the ‘safe and steady’ story, which...

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